Asian Paints to enhance mfg capacity of two units
Asian Paints would expand the manufacturing capacity of its two
units based at Sriperumbudur in Tamil Nadu and Ankaleshwar in Gujarat. The
company is proposing to increase its water-based paint manufacturing capacity
at its plant situated at Sriperumbudur, Tamil Nadu from 1.4 lakh KL per annum
to 2 lakh KL per annum.
S&P lowers ICICI Bank's standalone credit profile
ICICI Bank: Standard & Poor's lowers ICICI Bank's standalone
credit profile – Sentimentally negative
Gobal rating agency Standard & Poor's has lowered private
lender ICICI Bank's standalone credit profile (SACP) to 'BBB-' from 'BBB' on
weakening asset quality and stated that it expects the bank's asset quality to
remain under pressure over the next 12 months.
Aurobindo receives USFDA approval for Linezolid Injection
Aurobindo Pharma receives USFDA approval for Linezolid Injection;
used to treat infections.
The product is expected to be launched by Q2 FY2016-17. The
approved product has an estimated market size of US$ 87 million for the twelve
months ending June 2016 according to IMS.
Hero Motocorp Q1FY2017 results: Posts in line numbers
Hero Motocorp Q1 FY2017 results were in line with our expectations
Hero MotoCorp Q1 (YoY) Net Profit Up 18.1% at Rs883 Cr
Total Income Up 7.7% at Rs8, 011 Cr
EBITDA Up 18% at Rs1, 230 Cr
EBITDA Margin at 15.36% Vs 14.01%.
Wockhardt tanks on import alert from USFDA for Ankleshwar plant
Shares of Wockhardt tanked 10% to Rs918.20 on NSE on reports that
the drugmaker has got an import alert from USFDA for Ankleshwar plant (third
unit under import alert; Ankleshwar contributes 5% to sales) – Negative for
Wockhardt.
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